Florenz T. Gravino
12E
2/4/2022
Year
Current Assets
2017
2016
725.80
665.4
Current
Liabilities
551.90
620.6
Current Ratio
1.32 : 1.00
1.07 : 1.00
As seen in the table, the ratio of the current assets and current liabilities, 2017, has grown over
the past year. The current asset of 2016 was 665.4 while 2017's current asset is 725.80, which is
more significant than before. The current liabilities have also lessened from 620.6 to 551.90 in
2017, which is good for the business.
Year
Net Credit Sales
Average Trade
Receivable
Receivable Turnover
2017
2016
2,213.30
1,738.70
227.30
172.1
9.74 times
10.10 times
Comparing both years, all the Net Credit Sales, Average Trade Receivable, and Receivable
Turnover have lessened. It reflects that the company is not doing a good job handling its money.
The higher the Receivable Turnover Rate, the better and vice versa.
Year
2017
2016
2015
Total Liabilities
Total Assets
Debt Ratio
2,374.30
997.23
980.7
2,592.20
1,221.60
1,223.10
91.59%
81.63%
80.18%
As shown in the table, both the total liabilities and total assets have grown over the years,
especially the transition from 2016 to 2017. The debt ratio has also jumped from 81.63% to
91.59%. In conclusion, the company's debt has grown as time went by.
Year
Total Equity
Total Assets
Equity Ratio
2017
2016
2015
217.9
224.4
242.4
2,592.30
1,221.60
1,223.10
8.41%
18.37%
19.82%
Seeing the data as time went by, the equity ratio lessens. A low equity ratio would reflect that
the company has higher risks to the creditors. The low equity ratio reflects that the company is
in trouble and keeps borrowing from the creditors.
Year
2017
2016
2015
Gross Profit
Net Sales
Gross Profit Ratio
1,181.20
906.90
843.10
2,213.30
1,738.70
1,543.20
53.37%
52.16%
54.63%
Both Gross Profit and Net Sales may have grown over the years it is still seen that year 2015 has
the highest gross profit ratio. As the gross profit was divided by the net sales and multiplied by
100, it is shown that 2015 had the best performance so far.